§ 33-25-6 — Supervision and regulation by Insurance Commissioner; exemption from insurance laws

(a) Corporations organized under this article are subject to supervision and regulation of the Insurance Commissioner. The corporations organized under this article, to the same extent these provisions are applicable to insurers transacting similar kinds of insurance and not inconsistent with the provisions of this article, shall be governed by and be subject to the provisions as herein below indicated of the following articles of this chapter: §33-4-1et seq.of this code (general provisions), except that §33-4-16 of this code shall not be applicable thereto; §33-6C-1et seq.of this code (guaranteed loss ratio); §33-7-1et seq.of this code (assets and liabilities); §33-8-1et seq.of this code (investments); §33-10-1et seq.of this code (rehabilitation and liquidation); §33-15-2a of this code (definitions); §33-15-2b of this code (guaranteed issue); §33-15-2d of this code (exception to guaranteed renewability); §33-15-2e of this code (discontinuation of coverage); §33-15-2f of this code (certification of creditable coverage); §33-15-2g of this code (applicability); §33-15-4e of this code (benefits for mothers and newborns); §33-15-14 of this code (individual accident and sickness insurance); §33-15-16 of this code (coverage of children); §33-15-18 of this code (equal treatment of state agency); §33-15-19 of this code (coordination of benefits with Medicaid); §33-15C-1 of this code (diabetes insurance); §33-16-3 of this code (required policy provisions); §33-16-3a of this code (mental health); §33-16-3j of this code (benefits for mothers and newborns); §33-16-3k of this code (preexisting condition exclusions); §33-16-3l of this code (guaranteed renewability); §33-16-3m of this code (creditable coverage); §33-16-3n of this code (eligibility for enrollment); §33-16-11 of this code (coverage of children); §33-16-13 of this code (equal treatment of state agency); §33-16-14 of this code (coordination of benefits with Medicaid); §33-16-16 of this code (diabetes insurance); §33-16A-1et seq.of this code (group health insurance conversion); §33-16C-1et seq.of this code (small employer group policies); §33-16D-1et seq.of this code (marketing and rate practices for small employers); §33-25F-1et seq.of this code (coverage for patient cost of clinical trials); §33-26A-1et seq.of this code (West Virginia Life and Health Insurance Guaranty Association Act); §33-27-1et seq.of this code (insurance holding company systems); §33-33-1et seq.of this code (annual audited financial report); §33-34A-1et seq.of this code (standards and commissioner’s authority for companies considered to be in hazardous financial condition); §33-35-1et seq.of this code (criminal sanctions for failure to report impairment); §33-37-1et seq.of this code (managing general agents); §33-40A-1et seq.of this code (risk-based capital for health organizations); and §33-41-1et seq.of this code (privileges and immunity); and no other provision of this chapter may apply to these corporations unless specifically made applicable by the provisions of this article.

(b) Every corporation subject to this article shall comply with mental health parity requirements in this chapter.

Legislative History

2020 Reg. Sess., SB291; 2016 Reg. Sess., SB429; 2015 Reg. Sess., HB2728; 2003 Reg. Sess., HB2675; 1997 Reg. Sess., HB2667; 1997 Reg. Sess., SB371; 1996 Reg. Sess., SB312; 1994 Reg. Sess., SB434; 1994 Reg. Sess., SB522; 1993 Reg. Sess., HB2181; 1993 Reg. Sess., HB2286; 1993 Reg. Sess., SB326; 1992 Reg. Sess., HB4184; 1992 Reg. Sess., HB4666; 1991 Reg. Sess., HB2462; 1991 Reg. Sess., SB535; 1964 Reg. Sess., HB50